Strategy sells bitcoin for the first time and the crypto market wobbles
Strategy has sold 32 bitcoins for the first time; bitcoin has fallen to $63,500 from a high of $124,700. A $1.3 billion sale in dark pools deepens the plunge.
English · Original discussion in Spanish · Published
Strategy's first sale raises doubts about the eternal bitcoin 'hold'
The world's largest bitcoin holder, Strategy (formerly MicroStrategy), has sold 32 BTC. It is only $2.5 million, but the symbolism is devastating: Michael Saylor, the evangelist of 'holding', breaks the mantra. And the coincidence with a massive $1.3 billion sale in dark pools by an anonymous trader does not seem like a coincidence.
The collapse from $124,700
Bitcoin is trading today at around $63,500, down 49% from its fourth-quarter 2025 high. The sale of 29.2 million shares of BlackRock's Bitcoin ETF in a 'dark pool' — the largest ever recorded on private platforms, according to Alex Thorn of Galaxy Digital — added pressure. And Strategy, which bought like crazy from 2022 onwards, is loosening its grip. Those who bought at the top, at $124,000, watch their 'safe haven asset' deflate while the Strait of Hormuz burns.
Healthy correction or beginning of the end?
Some argue that Strategy's mini-sale is just a technical rebalancing: 32 bitcoins out of the 843,706 it still holds. But the real signal is different: the perpetual accumulation model, which worked while bitcoin was rising, is showing seams. The company is in the red on its crypto treasury, and the question is how much longer it will hold out without selling more. The market interprets that the 'eternal hold' has an expiry date. Meanwhile, the bulls call it a 'healthy correction'. The bears say bitcoin is a currency in the same category as the Argentine peso.
With the price at seven-week lows and whales moving pieces in the shadows, the million-dollar question remains up in the air: when will it bottom out?
Related discussions in the forum
The world's largest bitcoin holder, Strategy (formerly MicroStrategy), has sold 32 BTC. It is only $2.5 million, but the symbolism is devastating: Michael Saylor, the evangelist of 'holding', breaks the mantra. And the coincidence with a massive $1.3 billion sale in dark pools by an anonymous trader does not seem like a coincidence.
The collapse from $124,700
Bitcoin is trading today at around $63,500, down 49% from its fourth-quarter 2025 high. The sale of 29.2 million shares of BlackRock's Bitcoin ETF in a 'dark pool' — the largest ever recorded on private platforms, according to Alex Thorn of Galaxy Digital — added pressure. And Strategy, which bought like crazy from 2022 onwards, is loosening its grip. Those who bought at the top, at $124,000, watch their 'safe haven asset' deflate while the Strait of Hormuz burns.
Healthy correction or beginning of the end?
Some argue that Strategy's mini-sale is just a technical rebalancing: 32 bitcoins out of the 843,706 it still holds. But the real signal is different: the perpetual accumulation model, which worked while bitcoin was rising, is showing seams. The company is in the red on its crypto treasury, and the question is how much longer it will hold out without selling more. The market interprets that the 'eternal hold' has an expiry date. Meanwhile, the bulls call it a 'healthy correction'. The bears say bitcoin is a currency in the same category as the Argentine peso.
With the price at seven-week lows and whales moving pieces in the shadows, the million-dollar question remains up in the air: when will it bottom out?
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Summary of a discussion on Burbuja.info - Foro de economía, actualidad y política., translated from Spanish and reviewed before publication. Read the full discussion (19 replies).
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